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~- <br />SCHOOL/PARKS RESERVE FUND <br />Fiscal Year 1oent Revenue Interest Earnings Total Revenue <br />1995-86 478'048 <br />476'048 <br />1988-97 494/442 <br />23.311 517.753 <br />1997-98 818'843 <br />49'095 867.938 <br />1998'99° 649.884 <br />75'158 725.040 <br />Total 2,239.217 147.562 2'388,778 <br />98-99 Investment earnings are estimated.. <br />_ <br />` <br />The School/Parks Capital Reserve Fund was established by <br />the Board of County Commissioners in the 1Sg5-SO fiscal Year. <br />This reserve fund receives annual allocations equivalent toone � <br />cent onthe'ganena. d property tax rate. |n addition, cash <br />balances in this fund earn interest income. The fund was <br />established bx the Board for the purpose of accumulating funds <br />bobe used for site acquisition for schools and/or recreation <br />and parks or the combination of both. The Board's initial policy <br />set forth the accumulation cf funds in the reserve for e period of <br />three years with plans tonao valuate the allocation during the <br />19B8-BS budget deliberations. - [hienaoxa|uabon000urrodao <br />stated and the Board decided to continue the one cent allocation <br />in the 19B8-98 fiscal year. There have been noappropriations � <br />made from this fund to projects. <br />� <br />�/ <br />